There are over 40,000 restaurants in the state of Texas according to the National Restaurant Association, and they contribute a booming $52.4 Billion to the economy. Over 1.2 Million people are employed in the food and hospitality industry representing 12 percent of the total employment for the state. That number is expected to grow by 17.9 percent by 2026, creating 221,400 additional jobs.
Texas restaurants for sale are something most buyers explore due to the very favorable business climate in Texas, the temperate weather, absence of personal income tax, and overall economic health of the state. Texas has one of the largest economies in the United States according to Wikipedia, which places its size at $1.648 Trillion (second highest in the United States.). Texas has the twelfth largest economy in the world when ranked on Gross Domestic Product - higher than South Korea or Australia.
It's no wonder those buying a business flock to Texas restaurants for sale offered by the Restaurant Brokers. Restaurants are an influential part of a booming Texas economy. National research shows that for every $1.00 spent in Texas restaurants, there is an additional $1.23 generated in sales for the state’s economy
Texas residents have one of the lowest tax burdens in the nation. They are ranked seventh lowest according to the Tax Foundation. Texas is one of only seven states in the nation that does not have a personal income tax, meaning all personal earnings are not taxed in addition to the federal income tax paid in each household.
The Restaurant Brokers feature Texas restaurant for sales in all major markets in Texas. Dave Duce, the franchise partner for We Sell Restaurants heads the Austin office while numerous listings for Dallas Fort Worth, Houston and other markets are handled by the corporate office.
Resources for Buying a Texas Restaurant
Buying a Texas restaurant for sale is a team sport and you may need all kinds of help. Our Texas Certified Restaurant Broker® has plenty of resources and aid for you. Here’s a starting point for the most common requests:
- Restaurant Financing and Access to Capital
- Texas Alcoholic Beverage Commission
- Texas Beverage Association
- Starting a Restaurant – Visit the Texas Secretary of State Website
- Small Business Administration-Financial Programs to Buy a Restaurant
- Restaurant Equipment and Restaurant Supplies
- Texas Restaurant Association